Tag: Banking

NEW DELHI/BERNE: As Switzerland strives hard to re-establish its global financial centre position after clamping down on secrecy walls of its banks, there has been a significant surge in the number of cases where it has initiated process to share information on Indians with Swiss bank accounts and shot off letters to about a dozen

India’s central bank said on May 16 that shadow banks with asset size of more than 50 billion rupees should appoint a chief risk officer in a move to tighten regulation after a series of defaults at top lender Infrastructure Leasing & Financial Services’ (IL&FS). The government took control of IL&FS last year after its default

There is cause for celebrations with a record rally playing out, but where do we go from here? Is it time to partially profit book or continue to hold strong? Company Summary NSE BSE Axis Bank Ltd. -5.90 (-0.77%) HDFC Bank Ltd. -2.10 (-0.09%) ICICI Bank Ltd. -5.05 (-1.27%) Definitely it is good news that

OBSERVATIONS FROM THE FINTECH SNARK TANK In the movie All The President’s Men, Woodward and Bernstein (played by Redford and Hoffman) meet their informant in a parking garage and receive the following advice: “Follow the money.” If you want to know which technologies are hot in banking, you should do the same. Talk is Cheap For

Additionally, a working group has been created to carry forward the initiatives identified for synergy and to effectively implement the decisions taken at the management level, the bank said. IDBI to bring banking, insurance services at one platform (Representational Image) | Photo Credit: BCCL New Delhi: IDBI Bank on Sunday said it is strategising to be a

BEIJING: China’s banking and insurance regulators have issued a notice to commercial banks to boost financial support for the country’s rural areas. In a notice issued on March 8, the ChinaBanking and Insurance Regulatory Commission told commercial banks to fulfill special lending targets, including those for achieving faster increases in loans to farmers and other businesses in rural areas.

The Reserve Bank of India (RBI) slapped fines ranging between Rs 1 lakh to Rs 4 lakh on 36 lenders as they were found violating directions relating to the use of SWIFT messaging service. The regulator said that it carried out checks on 50 banks to assess their compliance on using the system and found

To access OnlineSBI, users are required to have an account with the bank. SBI or State Bank of India offers a host of facilities via its internet banking portal – onlinesbi.com. Some of these facilities enable SBI customers to access information on account balance, request a fund transfer or a demand draft, open a digital savings bank account and apply for a new

More than 300 jobs are to be created in Wales as a mobile-only bank is set to open up a centre in Cardiff. London-based Monzo, one of the UK’s fastest-growing banks with 1.3 million customers, has begun hiring for its new city centre customer operations base. The Welsh Government has given a grant of almost

Royal Bank of Scotland has applied for a German banking licence to help it retain clients in the European Union in the event of a no-deal Brexit. The move applies to all its subsidiaries, but would only affect NatWest, which trades across the bloc. RBS, which already has a Dutch licence, said it would allow